Can I retire at age 59 with 2,110,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$174,242$172,690$171,176$169,698$168,254$166,014
2 years$86,258$84,652$83,095$81,585$80,121$77,868
3 years$56,934$55,321$53,768$52,273$50,832$48,636
4 years$42,275$40,667$39,129$37,659$36,254$34,131
5 years$33,482$31,883$30,366$28,926$27,560$25,517
6 years$27,622$26,035$24,540$23,132$21,807$19,847
7 years$23,438$21,864$20,393$19,018$17,735$15,858
8 years$20,301$18,742$17,295$15,954$14,713$12,918
9 years$17,862$16,318$14,896$13,589$12,390$10,678
10 years$15,913$14,383$12,987$11,714$10,557$8,926
11 years$14,319$12,805$11,433$10,195$9,080$7,527
12 years$12,991$11,493$10,147$8,942$7,868$6,394
13 years$11,869$10,386$9,065$7,895$6,861$5,462
14 years$10,908$9,441$8,145$7,008$6,014$4,689
15 years$10,076$8,624$7,354$6,250$5,296$4,041
16 years$9,348$7,913$6,668$5,596$4,680$3,495
17 years$8,707$7,287$6,067$5,028$4,150$3,031
18 years$8,137$6,734$5,539$4,531$3,690$2,635
19 years$7,629$6,241$5,070$4,094$3,289$2,296
20 years$7,171$5,799$4,653$3,708$2,938$2,003
21 years$6,758$5,402$4,280$3,365$2,629$1,751
22 years$6,383$5,042$3,945$3,060$2,356$1,533
23 years$6,041$4,716$3,642$2,787$2,115$1,343
24 years$5,728$4,419$3,369$2,542$1,901$1,178
25 years$5,440$4,147$3,120$2,321$1,711$1,034
26 years$5,175$3,897$2,894$2,122$1,541$909
27 years$4,930$3,668$2,687$1,943$1,389$799
28 years$4,703$3,456$2,498$1,780$1,254$703
29 years$4,492$3,260$2,324$1,632$1,132$618
30 years$4,295$3,079$2,165$1,498$1,023$544
31 years$4,111$2,911$2,019$1,376$925$480
32 years$3,940$2,754$1,883$1,264$837$423
33 years$3,779$2,608$1,758$1,163$757$372
34 years$3,627$2,472$1,643$1,070$685$328
35 years$3,485$2,345$1,536$985$621$290
36 years$3,351$2,225$1,437$907$562$255
37 years$3,225$2,114$1,345$836$510$225
38 years$3,105$2,009$1,260$770$462$199
39 years$2,992$1,910$1,180$710$419$175
40 years$2,885$1,817$1,106$655$380$155
41 years$2,783$1,730$1,037$604$345$137
42 years$2,686$1,647$973$558$313$121
43 years$2,594$1,570$913$515$284$107
44 years$2,507$1,496$857$475$258$94
45 years$2,424$1,427$805$439$234$83
46 years$2,344$1,361$756$406$212$73
47 years$2,268$1,299$710$375$193$65
48 years$2,196$1,240$667$346$175$57
49 years$2,126$1,184$627$320$159$50
50 years$2,060$1,131$590$296$145$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,110,000, adding $4,188 every year, while hoping to spend $46,519 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 48/34/18 Blend
58$2,110,000$2,110,000$2,110,000$2,110,000
59$2,329,540$2,217,710$2,185,005$2,429,369
60$2,517,657$2,276,882$2,208,707$2,558,245
61$2,723,403$2,337,394$2,231,643$2,693,037
62$2,948,527$2,399,263$2,253,740$2,838,411
63$3,194,955$2,462,505$2,274,918$2,995,376
64$3,464,807$2,527,134$2,295,095$3,165,043
65$3,760,419$2,593,166$2,314,182$3,348,638
66$4,084,363$2,660,612$2,332,089$3,547,509
67$4,439,471$2,729,485$2,348,717$3,763,139
68$4,828,863$2,799,796$2,363,965$3,997,164
69$5,255,974$2,871,553$2,377,725$4,251,385
70$5,724,590$2,944,766$2,389,885$4,527,786
71$6,238,879$3,019,440$2,400,327$4,828,552
72$6,803,433$3,095,580$2,408,926$5,156,091
73$7,423,308$3,173,189$2,415,550$5,513,055
74$8,104,078$3,252,268$2,420,063$5,902,366
75$8,851,879$3,332,814$2,422,321$6,327,243
76$9,673,473$3,414,825$2,422,171$6,791,233
77$10,576,309$3,498,293$2,419,456$7,298,245
78$11,568,593$3,583,209$2,414,008$7,852,586
79$12,659,365$3,669,562$2,405,652$8,459,000
80$13,858,585$3,757,336$2,394,207$9,122,717
81$15,177,227$3,846,511$2,379,478$9,849,499
82$16,627,379$3,937,065$2,361,266$10,645,695
83$18,222,362$4,028,972$2,339,359$11,518,302
84$19,976,852$4,122,201$2,313,537$12,475,032
85$21,907,018$4,216,716$2,283,567$13,524,383
86$24,030,676$4,312,476$2,249,208$14,675,717
87$26,367,454$4,409,437$2,210,206$15,939,356
88$28,938,982$4,507,547$2,166,296$17,326,673
89$31,769,090$4,606,749$2,117,198$18,850,201
90$34,884,036$4,706,979$2,062,624$20,523,753
91$38,312,754$4,808,167$2,002,268$22,362,553
92$42,087,123$4,910,235$1,935,812$24,383,376
93$46,242,272$5,013,099$1,862,924$26,604,713
94$50,816,907$5,116,664$1,783,255$29,046,939
95$55,853,680$5,220,828$1,696,442$31,732,513
96$61,399,587$5,325,481$1,602,105$34,686,182
97$67,506,414$5,430,499$1,499,845$37,935,223
98$74,231,226$5,535,751$1,389,248$41,509,697
99$81,636,903$5,641,095$1,269,879$45,442,732
100$89,792,732$5,746,373$1,141,285$49,770,840